19
19
tv
eye 19
favorite 0
quote 0
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door. and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic reco
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door....
141
141
Oct 1, 2012
10/12
by
CSPAN
tv
eye 141
favorite 0
quote 0
there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is unpleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month, for how long, and when to get the 0.9% added? >> it is a good question. >> is it added after $125,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare tax is 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundreds
there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is unpleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month, for how...
325
325
Oct 1, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and no one really knows, it's going to take real leadership. if anything's going to get done, it's going to be mitch mcconnell. >> this president's going to go over the fiscal cliff. >> what's going on? big tax cuts? big tax -- >> coming up next, my pal steve meister. are you expecting just as an ordinary person who writes the occasional column and follows the politics, do you think we're going have a big smacking huge tax hike after the election, do you think the so-called tax cliff we're all going to fall into it? >> we're at this fiscal cliff, obama is going to engage in this class warfare his entire four years and he ha
the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and...
SFGTV: San Francisco Government Television
155
155
Oct 1, 2012
10/12
by
SFGTV
tv
eye 155
favorite 0
quote 0
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose ar
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank...
128
128
Oct 1, 2012
10/12
by
MSNBC
tv
eye 128
favorite 0
quote 0
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut but if it's not going to cause bigger deficits tell us how you're going to do it and they won't do it. they won't say we're going to get rit of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little do dads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodge ball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut but i'm not going to tell you how i'm going to do it. can he get away with it with even the mid-12348. >> i hope not. i think this is a moment for jim lehrerer to be very tough, res
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut but if it's not going to cause bigger deficits tell us how you're going to do it and they won't do it. they won't say we're going to get rit of charitable...
213
213
Oct 1, 2012
10/12
by
FOXNEWS
tv
eye 213
favorite 0
quote 0
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income security and higher take home pay and you can do that through economic growth and that is what we are trying to provide and what we can get if we put the progrowth policies in place. >> chris: a number of top republicans say that when romney picked you as his running mate a little over a month ago that they thought that this indicated that you guys were going to run a bold reform agenda campaign and now expressing some frustration that instead of you changing romney you heard this that they feel that romney is changing you and you are running a much more
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income...
SFGTV2: San Francisco Government Television
166
166
Oct 1, 2012
10/12
by
SFGTV2
tv
eye 166
favorite 0
quote 0
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
89
89
Oct 1, 2012
10/12
by
CSPAN2
tv
eye 89
favorite 0
quote 0
and yes, we want to keep taxes low. we don't want to raise taxes. each party is going to have to compromise in order to avoid taking the country over this cliff. what comprises do you believe your own party will have to make to walk the country back from the clip? >> first and foremost, i have said that in my opening, we have to get control over spending. we also have to keep certain financial commitments and that would be social security, medicare and medicaid. now, the defense budget is bloated by anybody's standards. we have a defense budget bigger than 25 other countries and it doesn't matter. they are called terrorists, and that is the people that i was pursuing, to say that we need to keep the defense budget of the present level is just ludicrous. that doesn't mean we need lose 160 jobs -- or however many that he talks about. but first supported it, the sequester, and then he didn't. it is mr. obama's problem. it is the congress' problem. there are a lot of things that we need to address, we need to send things and make sure that the defense d
and yes, we want to keep taxes low. we don't want to raise taxes. each party is going to have to compromise in order to avoid taking the country over this cliff. what comprises do you believe your own party will have to make to walk the country back from the clip? >> first and foremost, i have said that in my opening, we have to get control over spending. we also have to keep certain financial commitments and that would be social security, medicare and medicaid. now, the defense budget is...
SFGTV2: San Francisco Government Television
118
118
Oct 1, 2012
10/12
by
SFGTV2
tv
eye 118
favorite 0
quote 0
so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles
so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task...
163
163
Oct 1, 2012
10/12
by
MSNBC
tv
eye 163
favorite 0
quote 0
so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs
so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go...
123
123
Oct 1, 2012
10/12
by
CSPAN2
tv
eye 123
favorite 0
quote 0
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
86
86
Oct 1, 2012
10/12
by
CSPAN
tv
eye 86
favorite 0
quote 0
rich were supposed to pay the majority of their taxes in federal taxes. working-class and the port were supposed to pay the majority of theirs in homeowners' taxes, city and state taxes -- ordering class and the poor. everything is out of sorts. when you are on fixed income and these states will have to have such a high tax rate because the federal government will have such a lower one. anybody i fixed tax rate goes in and buys a refrigerator that costs $400, will have about a $100 tax on the refrigerator. that is the problem. the ones it will hurt our people that are retired, people that are on disability, things like that. otherwise, i am completely in line with you. i voted for ron paul in 1988. i voted for paul brown. i think he -- i can remember what year it was that he ran as a libertarian. i voted for ross perot once. i am an open-minded person and i watch things very closely. host: thank you for calling. guest: i think by going to a national consumption tax, one federal national consumption tax -- i think that's a lot more fair. it ends up being c
rich were supposed to pay the majority of their taxes in federal taxes. working-class and the port were supposed to pay the majority of theirs in homeowners' taxes, city and state taxes -- ordering class and the poor. everything is out of sorts. when you are on fixed income and these states will have to have such a high tax rate because the federal government will have such a lower one. anybody i fixed tax rate goes in and buys a refrigerator that costs $400, will have about a $100 tax on the...
SFGTV: San Francisco Government Television
167
167
Oct 1, 2012
10/12
by
SFGTV
tv
eye 167
favorite 0
quote 0
should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so it's not like -- right now we're gaining nothing and people are doing it anyways so why don't we take advantage of the fact we legalize it and actually increase our tax revenue. >> thank you sir. >> well, i know this issue got some press earlier this year but i don't know how widespread it is. i mean is this a real issue that really needs to be dealt with or is this solutions looking for a problem? i just don't know. i would to know how how widespread it is and if it's taking a bite of out of the city's tourist dollars or getting more press than it should? i don't know th
should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so...
177
177
tv
eye 177
favorite 0
quote 0
one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying is can i get somebody to tell me the truth? you can cross words all you want to, but there are some things called undeniable truth. so no matter how you want to dance around it, some things are very clear. >> there's also such a thing as throwi throwing things against the wall and that is what the obama campaign has been effective at doing and the romney campaign hasn't been. >> the romney campaign, they have been -- i can show you the proof. go to our website. again, you have campaigns -- >> check up on after the fact. >> my point, you said earlier -- i said absolutely. if you have that many eyebal
one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying...
200
200
Oct 1, 2012
10/12
by
CNBC
tv
eye 200
favorite 0
quote 0
lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agree with that. he sat on the set with us. >> they provided zero -- >> in this caught my attention so i decided to -- >> zero details. but more importantly, later in the tape, which we didn't get a chance to show, he says we're going to be able to keep charitable deductions, keep the mortgage deduction, keep the deduction on health care. and there is no way in a million years no matter who scores this including marty feldstein and others that would possibly suggest that this could be revenue neutral. >> it does if you broaden the base to 100,000. >> but that's not what he talked about on the show. and he refuses to say exactl
lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agree with that. he sat on the set with us....
219
219
Oct 1, 2012
10/12
by
CSPAN
tv
eye 219
favorite 0
quote 0
taxes. working-class and the port were supposed to pay the majority of theirs in homeowners' taxes, city and state taxes -- ordering class and the poor. everything is out of sorts. when you are on fixed income and these states will have to have such a high tax rate because the federal government will have such a lower one. anybody i fixed tax rate goes in and buys a refrigerator that costs $400, will have about a $100 tax on the refrigerator. that is the problem. the ones it will hurt our people that are retired, people that are on disability, things like that. otherwise, i am completely in line with you. i voted for ron paul in 1988. i voted for paul brown. i think he -- i can remember what year it was that he ran as a libertarian. once.ed for ross perot wan i am an open-minded person and i watch things very closely. host: thank you for calling. guest: i think by going to a national consumption tax, one federal national consumption tax -- i think that's a lot more fair. it ends up being cos
taxes. working-class and the port were supposed to pay the majority of theirs in homeowners' taxes, city and state taxes -- ordering class and the poor. everything is out of sorts. when you are on fixed income and these states will have to have such a high tax rate because the federal government will have such a lower one. anybody i fixed tax rate goes in and buys a refrigerator that costs $400, will have about a $100 tax on the refrigerator. that is the problem. the ones it will hurt our...
265
265
Oct 1, 2012
10/12
by
KTVU
tv
eye 265
favorite 0
quote 0
. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and the key is this: get people from not paying income taxes because they've had incomes to the middle class so they have jobs that have higher take-home pay and they pay taxes, we want to create more taxpayers and don't want to tax more people with bad tax policy, we want to create taxpayers by growing the middle class and getting people back to work with higher take-home pay and the secret is economic growth, chris. look, the premise of the conversations, the premise of tax -- your tax reform point is, as if the economic pie is fixed and it is the govern
. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and...
SFGTV2: San Francisco Government Television
66
66
Oct 1, 2012
10/12
by
SFGTV2
tv
eye 66
favorite 0
quote 0
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
113
113
Oct 1, 2012
10/12
by
KCSM
tv
eye 113
favorite 0
quote 0
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple of cadillacs. we're building a car elevator in our home. i like to fire people these were all voluntarily offered by mitt romney. >> and he has taken responsibility for that. >> the reason he does not lay out what you say is, among other things, there are studies that disputed, and people will say, you are going to take away mortgage tax deductions? suddenly everybody is up in arms. >> not necessarily true. you can say that anybody over a certain amount can only deduct up to 2% of income -- >> now you are into the weeds. >> it is not the week, it is the facts. >> that's get into the weeds. >> are you mak
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple...
194
194
Oct 1, 2012
10/12
by
CSPAN
tv
eye 194
favorite 0
quote 0
because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in personal taxation must pass one clear test, do they help people on low and middle incomes get by and get on? it's as simple as that. at the next election, all parties will have to acknowledge the need for further belt tightening. that much is inescapable. but the key question we will all have to answer is who will have to tighten their belts the most? our position is clear. if we have to ask people to take less out or pay more in, we'll start with the richest and work our way down, not the other way around. we won't waver in our determination to deal with our debts. but we will do it in our own way,
because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in...
234
234
Oct 1, 2012
10/12
by
MSNBCW
tv
eye 234
favorite 0
quote 0
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to beware the very perilous boomerang zinger. delivering
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to...
220
220
Oct 1, 2012
10/12
by
CSPAN
tv
eye 220
favorite 0
quote 1
. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place on october 15, 2008. and a reminder that the 2012 debate -- the first 2012 debate takes place this wednesday. and you can watch on c-span, listen on c-span radio, or watch on line. coming up come on the nevada senate debate. the incumbent and his challenger held their first debate. it is courtesy of kmpb tv. it is one of the closest races in the country. it is an hour. >> could evening. we have the incumbent and challenger who will face off in an hour-long debate. i am mitch fox from vegas cbs and i will serve as moderator. here is the format. each candidate will give a
. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place...
180
180
tv
eye 180
favorite 0
quote 0
the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would take me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is subject to taxation so you can lower tax rates. that's where we begin. where we go is by denying those deductions and loopholes to higher income people, which allows us to lower tax rates for everybody across the board and still afford important preferences for the middle class taxpayers. >> there you have paul ryan on taxes. we expect some of the comments to pop up come wednesday night during the debate in denver, the very first presidential debate here of this election season. and i want to go to chief white house correspondent jessica yel
the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would take me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income...
WHUT (Howard University Television)
113
113
Oct 1, 2012
10/12
by
WHUT
tv
eye 113
favorite 0
quote 0
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
120
120
tv
eye 120
favorite 0
quote 0
no letup in tax the rich mania. the u.n. takes aim at the richer people in america and europeans riot again to make them pay for, well, for everything. and then there is this, the european beat americans at golf again. but cheer up, "varney & company" is about to begin. >> good morning, "varney & company," today is monday october the 1st. wednesday is the first presidential debate and the obama campaign spent the weekend trying to low up media expectations that the president's already won. most mainstream polls do indeed have president obama in the lead, but according to rasmussen, governor romney has an edge among certain voters. 43% of likely voters say they are certain they will vote for mitt romney. 42% say they'll vote for the president. that's a very slight edge, but 15% of voters say they are uncommitted, with a number that large, the debate takes on added importance. new jersey governor chris christie in sharp contrast to the media thinks that romney will pull off a clear win this week. listen to this. >> i've seen m
no letup in tax the rich mania. the u.n. takes aim at the richer people in america and europeans riot again to make them pay for, well, for everything. and then there is this, the european beat americans at golf again. but cheer up, "varney & company" is about to begin. >> good morning, "varney & company," today is monday october the 1st. wednesday is the first presidential debate and the obama campaign spent the weekend trying to low up media expectations that...
126
126
Oct 1, 2012
10/12
by
CSPAN
tv
eye 126
favorite 0
quote 0
raised taxes. that was the basis on which the supreme court of held obamacare, that it was a tax increase. >> to mayor castro's point, people who have more are being asked to sacrifice. you do not agree with that. >> i do not agree with that. but me say two things. if you look historically, such spending has been 20% of gdp. federal spending has been 18% of gdp. i think the problem is we're spending too much. in the last three years, federal spending has gone from 20% of gdp to 25% of gdp. that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creors. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair t
raised taxes. that was the basis on which the supreme court of held obamacare, that it was a tax increase. >> to mayor castro's point, people who have more are being asked to sacrifice. you do not agree with that. >> i do not agree with that. but me say two things. if you look historically, such spending has been 20% of gdp. federal spending has been 18% of gdp. i think the problem is we're spending too much. in the last three years, federal spending has gone from 20% of gdp to 25%...
134
134
tv
eye 134
favorite 0
quote 0
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. ther
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's...
80
80
tv
eye 80
favorite 0
quote 0
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
188
188
Oct 1, 2012
10/12
by
WUSA
tv
eye 188
favorite 0
quote 0
tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large because the nation's biggest tax cuts all expire three months from now on new year's day. they include the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. many economists are concerned that a tax increase of that size could shock the eco
tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
186
186
Oct 1, 2012
10/12
by
FOXNEWSW
tv
eye 186
favorite 0
quote 0
i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another amazing statistic. i wouldn't believe that statistic. the rich pay tremendous amounts of taxes. most of the taxes in the country and they really have to be at least -- rich people if they don't love their country they can go to other countries and pay a lot less tax. if you were in new york and the taxes were high you could move to florida or move here. with globalization and everything -- >> why don't you move to florida. we have golf courses in miami. >> i have a lot of great properties in florida. i just -- >> the minute you walk you hed florida. >> i love new york. i stick with new york. it's a great place.
i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another...
252
252
Oct 1, 2012
10/12
by
CNNW
tv
eye 252
favorite 0
quote 0
when people hear taxes they say i need details. because i pay taxes. i want to know exactly what's going to happen if you're elected. i speak for america. no. but i certainly speak for myself and paying taxes. that's what i want to know. >> speaking only for soledad o b bri yen. >>> they're the kind of experiences you'd assume nobody could survive. young woman sold into sexual slifry. the young women are fighting back. [ male announcer ] extreme environments can cause a spontaneous change in dna, resulting in unexpected power and agility. introducing the all-new, all-powerful gator rsx 850i. sixty-two horsepower, a fully independent multilink suspension and a top speed of 53 miles per hour. it's a whole new species of gator. see just how much the gator has evolved at johndeere.com/gator. >>> welcome back to "starting point," everyone. a couple stories you cannot miss this morning. we're going a little bit highbrow on you right now. assault charges have been dropped against the man accused of choking wie ining lindsay lo cell phone pictures. she told po
when people hear taxes they say i need details. because i pay taxes. i want to know exactly what's going to happen if you're elected. i speak for america. no. but i certainly speak for myself and paying taxes. that's what i want to know. >> speaking only for soledad o b bri yen. >>> they're the kind of experiences you'd assume nobody could survive. young woman sold into sexual slifry. the young women are fighting back. [ male announcer ] extreme environments can cause a...
160
160
Oct 1, 2012
10/12
by
FOXNEWSW
tv
eye 160
favorite 0
quote 0
we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him? that he was serious about the big reagan-like cut in taxes. >>guest: my discussions is he understands we are competing and he knows we have to reduce our taxes. >>neil: who was he reaching out to? >>guest: you have to ask him. >>neil: independent voters? >>guest: he understands we are competing and he understands we have to have he we are taxes. if we have more jobs in america, and we want american businesses to do well, we have to is lower taxes than the rest of the developed world. if we don't, brings are going to go out of this country. >>neil: as a former health car
we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him?...
97
97
Oct 1, 2012
10/12
by
WTTG
tv
eye 97
favorite 0
quote 0
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >> new york police are trying to track down a man robbing people at needle point. they say he carries a hypodermic needle. not clear what is in the syringe. he steals phones, and even held up a 14-year-old for his phone. all of the victims are teenage boys. the needle robber has hit 9 times. >>> four men are charged with a deadly shooting at a foreign wars post in florida. two people were killed and another critically hurt. the shooting happened after a fight yesterday in a parking lot where a motorcycle club was gathering for a charity ride. no word on what sparked the fight. >> a man who survived the shooting at the colorado movie theater is demanding a plan from the president and mitt romney on how to deal with gun violence. >> in the next four years 48,000 americans won't be so lucky, because they'll be murdered with gu
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >> new york police are trying to track down a man robbing people at needle point. they say he carries a hypodermic needle. not clear what is in the syringe. he steals phones, and even held up a 14-year-old for his phone. all of the victims are teenage boys. the...
92
92
Oct 1, 2012
10/12
by
MSNBC
tv
eye 92
favorite 0
quote 0
the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that u.s. senate seat up there. david gregory will moderate it comes as new boston globe poll shows warren inching slightly ahead, 43% to 38%. still 18% of voters remain undecided there. the same poll conducted in may gave senator brown a two-point lead. >>> still ahead on "way too early," wow were the new york jets bad yesterday. shutout, blownout, injured on their home field. rex ryan's press game post conference the only highlight of the day. >>> and an incredible comeback by team europe at ryder cup. the united states entered sunday with a big lead and it's big guns on the course. we'll show you what happened in sports. all that
the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that...